Spanishpropertynews

Spain is having a great summer and the place is on the up in the property, vacation, financial and weather sectors, all of which impact on property purchase. After three years of construction lay-offs and cut-backs in housing production – down from 600,000 a year to 400,000 – annual output was up 18.6%, the highest in the Eurozone. This should mean more choice in two years and give time for the current crop of Spanish bank repossessions to be sold off at discounts of up to 53% and average... Read Full Story

So the dreaded Capital Gains Tax remains at 18% for most Brits, but the UK Budget added an extra 10% for high earners who want to sell second homes in the UK or Spain. The tax clicks in only after the owner’s basic UK profit allowance of £10,000 has been applied along with the cost of any improvements and running costs (if renting it out). This change is likely to encourage more Brits to buy a second home in Spain, where the capital gains tax is the same as the UK basic of 18%, but this can... Read Full Story

Britain's new coalition government has got off to a quick and appreciated start with national budget savings and waste-avoidance supposed to save £6 billion this year and this seems also to have boosted Sterling against the much troubled Euro. The pound is approaching its highest level against the Euro since it slumped to near parity in November 2008 and that is enough for many prospective Spanish property buyers to make a positive move to grab one of the many villa and apartment bargains for... Read Full Story

There could be a double your money bonanza for people who have purchased a timeshare property in Spain, as a new court ruling looks set to spark-off an avalanche of timeshare compensation claims against developers. The new Spanish court ruling can now be used by up to 400,000 European timeshare owners to seek compensation from illegal contracts signed after 1996 in and industry experts believe that timeshare compensation claims could reach two billion Euros. As property buyers already realise... Read Full Story

If you thought the new British coalition government was off to a flying start to cut the growing debt mountain and save the nation, better look at what the Spanish Government has been up to in the same period. Two countries trading on over-priced properties and suffering from the fact the affordability level has been reached; two countries suffering from their highest unemployment levels; two countries pole-axed by Left-wing Socialist public sector overspending; two countries sharing the... Read Full Story

It wasn’t exactly a comprehensive survey, but the one on emigration commissioned by Currency UK was timely, as Britain slumped to an all-time low in the corruption league table with the cobbled plans for a Government of the Election Losers to run the country… That latest attack on UK democracy came just after the survey, so the next one might show even greater interest in Over-50s quitting the UK for that sunbelt lifestyle. The survey showed that: Many Brits are concerned by the prospect of a... Read Full Story

McBroon, the raider of British pensions, came face with a real pensioner when told he had to mix more with real voters instead of the marshalled lines of McBroon-nosers hitherto in the election campaign... The smiles and smarms of his little chat with Gillian Duffy - a grandmother who had worked for Rochdale council for 30 years - vanished when he got into the safety of his bomb-proof Jaguar. McBroon's rant in which he denigrated Mrs Duffy as "bigoted woman" was picked up by his still... Read Full Story

Still no good news for Brit over-50s and pensioners as the last lap of the General Election race gets underway…Not much on Europe either from McBroon or Lord Meddlesome, the former EU commissioner who made his millions there. More of the silver-hair brigade will be deciding shortly on whether they head off to the sunbelt or weather out the fiscal storms to come in murky Britain, whichever party rules the roost. Pensions are expected to be static, cost of living expected to rise and general... Read Full Story

Two new truths on the same day might be a shock to the system, but there is a link between them that British over-50s and retirees will be quick to spot. Shock one came when McBroon, having denied for years that he was the architect of the UK’s fiscal meltdown as Chancellor and then Prime Minister, finally admitted he’d been too soft on the bankers and their antics caused the crisis. Shock two was when Spain’s ultra conservative National Institute of Statistics (INE) revealed the... Read Full Story

It should be the beginning of the end of McBroon and his bungling Labour Party as he announced the General Election date and scuttled round to Buckingham Palace to get his demob from the Queen… That was just 24 hours after it was revealed that the Over-55s are the biggest voting segment in the UK as they represent over 42% of the electorate. These are the pensioners whose pensions were robbed by McBroon for five successive years until there was hardly anything left in the pot that was... Read Full Story